American Eagle Outfitters (AEO) Earns Underweight Rating from Morgan Stanley
American Eagle Outfitters (NYSE:AEO)‘s stock had its “underweight” rating reaffirmed by analysts at Morgan Stanley in a research report issued on Friday. They presently have a $10.00 target price on the apparel retailer’s stock, down from their prior target price of $13.00. Morgan Stanley’s price target suggests a potential downside of 7.83% from the stock’s current price.
A number of other research firms have also recently commented on AEO. Mizuho dropped their price objective on American Eagle Outfitters from $16.00 to $15.00 and set a “neutral” rating for the company in a research report on Wednesday, March 1st. Wolfe Research cut American Eagle Outfitters from an “outperform” rating to a “market perform” rating in a research report on Tuesday, January 31st. Vetr cut American Eagle Outfitters from a “strong-buy” rating to a “buy” rating and set a $16.67 price target for the company. in a report on Thursday, March 2nd. Goldman Sachs Group Inc restated a “sell” rating on shares of American Eagle Outfitters in a report on Sunday, February 5th. Finally, Telsey Advisory Group upgraded American Eagle Outfitters from a “market perform” rating to an “outperform” rating and set a $19.00 price target for the company in a report on Wednesday, January 25th. They noted that the move was a valuation call. Three equities research analysts have rated the stock with a sell rating, ten have issued a hold rating and ten have assigned a buy rating to the company’s stock. American Eagle Outfitters has a consensus rating of “Hold” and a consensus target price of $16.11.
American Eagle Outfitters (NYSE:AEO) opened at 10.85 on Friday. The firm has a market cap of $1.95 billion, a PE ratio of 10.04 and a beta of 0.91. The stock’s 50 day moving average is $13.49 and its 200 day moving average is $15.18. American Eagle Outfitters has a 12 month low of $10.56 and a 12 month high of $19.55.
American Eagle Outfitters (NYSE:AEO) last posted its quarterly earnings data on Wednesday, May 17th. The apparel retailer reported $0.16 EPS for the quarter, missing analysts’ consensus estimates of $0.17 by $0.01. The company had revenue of $761.80 million for the quarter, compared to analysts’ expectations of $741.76 million. American Eagle Outfitters had a return on equity of 21.77% and a net margin of 6.62%. The company’s revenue for the quarter was up 1.7% compared to the same quarter last year. During the same quarter in the prior year, the business posted $0.22 EPS. On average, equities analysts forecast that American Eagle Outfitters will post $1.12 earnings per share for the current year.
The business also recently declared a quarterly dividend, which was paid on Friday, April 21st. Investors of record on Friday, April 7th were given a dividend of $0.125 per share. This represents a $0.50 annualized dividend and a yield of 4.61%. The ex-dividend date was Wednesday, April 5th. American Eagle Outfitters’s dividend payout ratio (DPR) is presently 39.06%.
A number of institutional investors have recently added to or reduced their stakes in AEO. Texas Permanent School Fund raised its position in American Eagle Outfitters by 2.3% in the third quarter. Texas Permanent School Fund now owns 130,158 shares of the apparel retailer’s stock valued at $2,325,000 after buying an additional 2,908 shares during the period. Capital Fund Management S.A. raised its position in American Eagle Outfitters by 413.1% in the third quarter. Capital Fund Management S.A. now owns 61,914 shares of the apparel retailer’s stock valued at $1,106,000 after buying an additional 49,847 shares during the period. State of Wisconsin Investment Board raised its position in American Eagle Outfitters by 24.1% in the third quarter. State of Wisconsin Investment Board now owns 704,500 shares of the apparel retailer’s stock valued at $12,582,000 after buying an additional 137,000 shares during the period. Quantbot Technologies LP raised its position in American Eagle Outfitters by 171.3% in the third quarter. Quantbot Technologies LP now owns 86,494 shares of the apparel retailer’s stock valued at $1,544,000 after buying an additional 54,607 shares during the period. Finally, Quantitative Investment Management LLC bought a new position in American Eagle Outfitters during the third quarter valued at approximately $4,498,000. 95.68% of the stock is currently owned by hedge funds and other institutional investors.
About American Eagle Outfitters
American Eagle Outfitters, Inc (AEO Inc) is a multi-brand specialty retailer. The Company offers a range of apparel and accessories for men and women under the American Eagle Outfitters Brand (AEO Brand), and intimates, apparel and personal care products for women under the Aerie brand. AEO Inc operates stores in the United States, Canada, Mexico, Hong Kong, China and the United Kingdom.
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